TWTR Support has become Resistance
This is the daily chart on Twitter TWTR. The Head and Shoulders formation has played out to some extent as we are now well below the neckline in pink. $28 acted as support for a time but has now flipped to resistance (black line). I've sold the put options I was holding and taken profit as the chart looks indecisive, especially with earnings coming up on 10/25. My suspicion is further downside as TWTR has overhead resistance in the form of the $28 level and the downward dotted trendline.
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